Investigating the efficacy of inventory policy implementation in selected state-owned enterprises in the Gauteng province: A qualitative study

Background: The formulation, implementation and evaluation of inventory policies are vital for adequate management of inventory in organisations to ensure seamless flow of inventory and customer satisfaction. Inventory policies offer the required guidelines on how inventory should be managed in orga...

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Autores principales:	Asanda Penny, Musenga F. Mpwanya, Keith R. Lambert
Formato:	article
Lenguaje:	EN
Publicado:	AOSIS 2021
Materias:	inventory inventory management inventory policies inventory policy implementation state-owned enterprises qualitative study Shipment of goods. Delivery of goods HF5761-5780 Transportation and communications HE1-9990
Acceso en línea:	https://doaj.org/article/1b716153892441599c560e852b19222a
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spelling	oai:doaj.org-article:1b716153892441599c560e852b19222a2021-11-24T07:41:28ZInvestigating the efficacy of inventory policy implementation in selected state-owned enterprises in the Gauteng province: A qualitative study2310-87891995-523510.4102/jtscm.v15i0.552https://doaj.org/article/1b716153892441599c560e852b19222a2021-10-01T00:00:00Zhttps://jtscm.co.za/index.php/jtscm/article/view/552https://doaj.org/toc/2310-8789https://doaj.org/toc/1995-5235Background: The formulation, implementation and evaluation of inventory policies are vital for adequate management of inventory in organisations to ensure seamless flow of inventory and customer satisfaction. Inventory policies offer the required guidelines on how inventory should be managed in organisations to attain inventory management goals. However, it is unclear whether these guidelines are efficaciously implemented to enhance the inventory management performance of Eskom and Transnet in the Gauteng Province. Objective: This study sought to investigate the efficacy of inventory policy implementation at each of the selected SOEs in the Gauteng Province. Method: The study employed a qualitative research design with a sample of twenty-four inventory staff, of which fifteen were from SOE1 and nine from SOE2. The sampled population (inventory staff) were selected purposefully at each SOE in the Gauteng Province. Data were mainly gathered by means of semi-structured interviews and were thematically analysed. Results: The study generated four themes that reveal the extent of inventory policy implementation and its associated impact on inventory costs at each SOE. These themes included adherence to inventory policy, inventory policy violations, implementation extent of inventory policy, inventory growth rate and the associated increase in inventory carrying costs and lack of inventory planners’ planning skills. Conclusion: Inventory policies were not fully implemented at each SOE. Poor inventory purchasing decision and violation of inventory policies contributed to inventory growth rate and excess inventory carrying and its associated costs. This therefore negatively affects the inventory management performance of SOE 1 and SOE 2.Asanda PennyMusenga F. MpwanyaKeith R. LambertAOSISarticleinventoryinventory managementinventory policiesinventory policy implementationstate-owned enterprisesqualitative studyShipment of goods. Delivery of goodsHF5761-5780Transportation and communicationsHE1-9990ENJournal of Transport and Supply Chain Management, Vol 15, Iss 0, Pp e1-e13 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	inventory inventory management inventory policies inventory policy implementation state-owned enterprises qualitative study Shipment of goods. Delivery of goods HF5761-5780 Transportation and communications HE1-9990
spellingShingle	inventory inventory management inventory policies inventory policy implementation state-owned enterprises qualitative study Shipment of goods. Delivery of goods HF5761-5780 Transportation and communications HE1-9990 Asanda Penny Musenga F. Mpwanya Keith R. Lambert Investigating the efficacy of inventory policy implementation in selected state-owned enterprises in the Gauteng province: A qualitative study
description	Background: The formulation, implementation and evaluation of inventory policies are vital for adequate management of inventory in organisations to ensure seamless flow of inventory and customer satisfaction. Inventory policies offer the required guidelines on how inventory should be managed in organisations to attain inventory management goals. However, it is unclear whether these guidelines are efficaciously implemented to enhance the inventory management performance of Eskom and Transnet in the Gauteng Province. Objective: This study sought to investigate the efficacy of inventory policy implementation at each of the selected SOEs in the Gauteng Province. Method: The study employed a qualitative research design with a sample of twenty-four inventory staff, of which fifteen were from SOE1 and nine from SOE2. The sampled population (inventory staff) were selected purposefully at each SOE in the Gauteng Province. Data were mainly gathered by means of semi-structured interviews and were thematically analysed. Results: The study generated four themes that reveal the extent of inventory policy implementation and its associated impact on inventory costs at each SOE. These themes included adherence to inventory policy, inventory policy violations, implementation extent of inventory policy, inventory growth rate and the associated increase in inventory carrying costs and lack of inventory planners’ planning skills. Conclusion: Inventory policies were not fully implemented at each SOE. Poor inventory purchasing decision and violation of inventory policies contributed to inventory growth rate and excess inventory carrying and its associated costs. This therefore negatively affects the inventory management performance of SOE 1 and SOE 2.
format	article
author	Asanda Penny Musenga F. Mpwanya Keith R. Lambert
author_facet	Asanda Penny Musenga F. Mpwanya Keith R. Lambert
author_sort	Asanda Penny
title	Investigating the efficacy of inventory policy implementation in selected state-owned enterprises in the Gauteng province: A qualitative study
title_short	Investigating the efficacy of inventory policy implementation in selected state-owned enterprises in the Gauteng province: A qualitative study
title_full	Investigating the efficacy of inventory policy implementation in selected state-owned enterprises in the Gauteng province: A qualitative study
title_fullStr	Investigating the efficacy of inventory policy implementation in selected state-owned enterprises in the Gauteng province: A qualitative study
title_full_unstemmed	Investigating the efficacy of inventory policy implementation in selected state-owned enterprises in the Gauteng province: A qualitative study
title_sort	investigating the efficacy of inventory policy implementation in selected state-owned enterprises in the gauteng province: a qualitative study
publisher	AOSIS
publishDate	2021
url	https://doaj.org/article/1b716153892441599c560e852b19222a
work_keys_str_mv	AT asandapenny investigatingtheefficacyofinventorypolicyimplementationinselectedstateownedenterprisesinthegautengprovinceaqualitativestudy AT musengafmpwanya investigatingtheefficacyofinventorypolicyimplementationinselectedstateownedenterprisesinthegautengprovinceaqualitativestudy AT keithrlambert investigatingtheefficacyofinventorypolicyimplementationinselectedstateownedenterprisesinthegautengprovinceaqualitativestudy
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Investigating the efficacy of inventory policy implementation in selected state-owned enterprises in the Gauteng province: A qualitative study

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